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Wednesday, June 28, 2017

Nasdaq futures fall as tech selloff continues

(Reuters) - Nasdaq futures were lower for a second straight day on Wednesday as the selloff in tech stocks continued, while the S&P 500 and the Dow Jones Industrial Average futures were little changed.

Activist investor calls Hong Kong market rout

HONG KONG (Reuters) - Six weeks ago, David Webb, an activist investor and former director of the Hong Kong exchange, issued a report titled "The Engima Network: 50 stocks not to own". On Tuesday, most of the shares he named abruptly plunged, pointing to chronic regulatory problems over small-cap shares in the Asian financial hub.

Philips to buy medical device maker Spectranetics for 1.9 billion euros

AMSTERDAM (Reuters) - Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp , a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business.

Alibaba spending $1 billion to raise stake in Southeast Asia's Lazada

SINGAPORE (Reuters) - Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.

Exclusive: Halliburton in talks to buy billionaire Kaiser's equipment firm - sources

HOUSTON (Reuters) - Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter.

Japan, EU press ahead on free trade pact to counter U.S. protectionism

TOKYO (Reuters) - Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.

Nissan’s premium brand Infiniti courts NBA’s Stephen Curry

BEIJING (Reuters) - Japanese automaker Nissan Motor Co Ltd's premium brand Infiniti will announce a marketing agreement with U.S. basketball star Stephen Curry on Wednesday, according to a company statement seen by Reuters.

Oil pipeline firms' discounts rile clients, roil markets

NEW YORK (Reuters) - U.S. pipeline operators are selling their underused space at steep discounts to keep crude flowing - angering shippers and distorting an already opaque market for oil trading.

Japan Tobacco tries to catch up with rival in smokeless tobacco

TOKYO (Reuters) - Japan Tobacco Inc said on Wednesday it hoped to catch up with Philip Morris International Inc in smokeless tobacco by expanding the number of smoke-free restaurants and public places that allow its vaping product.

'Pharma bro' Martin Shkreli's notoriety slows New York jury selection

NEW YORK (Reuters) - Jury selection in the New York trial of former drug company executive Martin Shkreli will enter its third day Wednesday, after some potential jurors said they could not be fair to a man who gained notoriety by raising the price of a life-saving drug more than 5,000 percent.